Market News

Raspberry production fell significantly

The harvest of raspberries has begun, and although the taste of Hungarian raspberry is excellent, yet fewer producers on less area are dealing with this fruit – according to the...

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Japan is the main target country of the Hungarian food exports outside the European Union

Japan is the main target country of Hungarian food exports outside the EU, and this is why Japan has become this year’s guest at the National Agriculture and Food Exhibition...

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A campaign to promote rabbit meat consumption has begun

Events, promoting rabbit meat consumption as well as tastings will also be part of the national campaign launched in June – Nagy István, Parliamentary Minister of State of the Ministry...

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Hungarians support the reduction of cash

Sixty percent of the Hungarians agree that the shadow economy can be reduced in Hungary by increasing electronic payment solutions and reducing cash – portfolio.hu reported the latest Mastercard research....

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NAK: it is important when the support comes to the farmers

The practice of the Hungarian agency for paying agricultural subsidies and EU law should be brought closer, as several cases were filed at the EU court when the paying agency...

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China is expanding in Africa

The African-Chinese economic and trade network is expanding at a significant pace. African exports are essentially raw materials, while goods already processed are coming from China, but this is only...

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Slovakia’s agri-food foreign trade

Slovakia is the second most dynamically developing economy in the region. The inflation rate was -0.3 percent in both 2015 and 2016. Slovakia’s level of indebtedness is a bit above...

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German multinationals want standardised online identification

Leading German multinational companies wish to develop a multi-industry technological platform that would make standardised online registration, electronic identification and other data services available to companies. The new solution could...

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Agricultural investments expanded dynamically in the first quarter

The investments of farmers in the first quarter of this year have increased significantly, which has a positive impact on the competitiveness of the sector – the Ministry of Agriculture...

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Nearly 900 billion HUF for agri- and rural development grants in 2018

In next year’s budget, the amount of agricultural and rural development funds is close to 900 billion HUF, 51 billion HUF more than this year – the Minister of Agriculture...

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Deputy MInister of State: Strong producer communities are needed for the development of vineyards

The development of vineyards requires strong farming communities – Gál Péter, Deputy MInister of State of the Ministry of Agriculture (FM) said on Friday at the Budapest European Conference of...

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Garantiqa: Every second small business plan to invest

One third of domestic micro-enterprises, more than half of small businesses are planning to invest in the next year, according to the nationally representative survey of the Garantiqa Hitelgarancia Zrt.,...

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Consumer prices in the euro area and in the EU increased at a slowing pace in May

Annual comparable consumer prices increased in the euro area and in the European Union in May. According to figures, published by the European Union’s Statistical Office (Eurostat) on Friday, consumer...

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The NAV seized more than seven million HUF worth untaxed cigarettes

The National Tax and Customs Administration’s (NAV) finance officers found about seven thousand packs of untaxed cigarettes at the Kőbánya Railway Station Two men wanted to transport the cigarettes with...

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The deficit of the Romanian agro-foreign trade balance was around 75 percent in the first quarter

In the first quarter, the deficit of Romania’s agricultural and foreign trade balance grew by almost 75 percent to 460.37 million euros, according to the data of the Romanian Ministry...

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Magazine: The most influential retail trends in 2016

How did Hungarian FMCG retail perform in 2016? Value sales improved by 2.8 percent if compared with the 2015 level. Volume sales dropped 1.1 percent and prices augmented by 3.9...

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Good quality melon will be harvested this season

Thanks to the long-lasting warmth, the Hungarian melon production will have a good quality this year again – the National Agricultural Chamber (NAK) told MTI. In Hungary – basically because...

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Price difference between the EU Member States is almost threefold

There were very big differences in the price level of goods and services in the various Member States of the European Union last year: Denmark was the most expensive and...

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MNB: almost two-thirds of the card purchases were contactless payments

The expansion of electronic cash flow in the first quarter of 2017 continued to rise: contactless payment has become dominant, 63 percent of the purchases were carried out this way,...

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Land turnover increased by more than double last year

Thanks to the Farmers’ Growth Program the land turnover more than doubled last year according to the OTP Farm Land Map Analysis. Based on the size of the total land...

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The representatives of the grape and wine sector suggest sector-specific solutions and self-regulation

The Commission proposes that every alcoholic beverage label should indicate its caloric content and warn young people about the dangers of drinking and drunk driving. The four largest European lobbying...

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China votes for organic fertilizer

A program was launched by the Chinese Ministry of Agriculture for the replacement of fertilizers with organic fertilizers in hundred areas of the country – tozsdeforum.hu wrote. The central budget...

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National hailstorm damage reducing system from May 2018

It is very likely that by May next year a nationwide hailstorm damage reducing system will be operational. Hungary’s territory will be divided into 10km by 10km squares, where anti-hailstorm...

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Online supermarket in Berlin

Amazon has launched the AmazonFresh service in Berlin. The online retailer offers its full grocery assortment online – 85,000 products, from fresh food to frozen food and drinks. Florian Baumgartner,...

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Hungarians drink more and more flavored non-alcoholic and special beers

The value of the retail turnover of beer in Hungary remained unchanged from 2015 to 2016 and decreased by 1 percent in volume. Hungarians purchased beer in a value of...

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We spend one of four forints on own branded products

The market share of the supermarket chains’ own branded products is growing steadily, according to Gfk’s survey. By the end of 2016, their market share reached 25 percent, ie one...

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Cerbona and Ham-Let in one hand

The owner of the Cerbona Élelmiszeripari Kft. purchased the Agrimill-Food, the producer of the Ham-Let puffed cereal slice, so the two known brands came in one hand. The further operation...

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Disznókő Tokaj: the joy of purity

The Disznókő Tokaj – celebrating its 25th anniversary this year – is one of the leading wineries in Hungary. The Disznókő Tokaj winery is selling seventy percent of its products...

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EU Court of Justice: the milk product designation can be applied for only products of animal origin

In today’s judgement, the Court observes that the relevant legislation reserves the term ‘milk’ only for milk of animal origin. Purely plant-based products cannot, in principle, be marketed with designations...

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